Weak first quarter growth bodes ill for economic outlook

[Ought Six]

http://online.wsj.com/article/SB1000...710030258.html

[shermbodius]

What recovery? Nothing is gonna happen till this election is over. Beer me!

[shermbodius]

The same ole talking points....with links!

June 2012: "Therefore, it is important not to read too much into any one monthly report and it is informative to consider each report in the context of other data that are becoming available." (LINK: http://www.whitehouse.gov/blog/2012/...situation-june)
May 2012: "Therefore, it is important not to read too much into any one monthly report and it is helpful to consider each report in the context of other data that are becoming available." (LINK: http://www.whitehouse.gov/blog/2012/...-situation-may)
April 2012: "Therefore, it is important not to read too much into any one monthly report and it is helpful to consider each report in the context of other data that are becoming available." (LINK: http://www.whitehouse.gov/blog/2012/...ituation-april)
March 2012: "Therefore, it is important not to read too much into any one monthly report, and it is helpful to consider each report in the context of other data that are becoming available." (LINK: http://www.whitehouse.gov/blog/2012/...ituation-march)
February 2012: "Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report; nevertheless, the trend in job market indicators over recent months is an encouraging sign." (LINK: http://www.whitehouse.gov/blog/2012/...ation-february)
January 2012: "Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report; nevertheless, the trend in job market indicators over recent months is an encouraging sign." (LINK: http://www.whitehouse.gov/blog/2012/...uation-january)
December 2011: "Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report." (LINK: http://www.whitehouse.gov/blog/2012/...ation-december)
November 2011: "Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report." (LINK: http://www.whitehouse.gov/blog/2011/...ation-november)
October 2011: "The monthly employment and unemployment numbers are volatile and employment estimates are subject to substantial revision. There is no better example than August's jobs figure, which was initially reported at zero and in the latest revision increased to 104,000. This illustrates why the Administration always stresses it is important not to read too much into any one monthly report." (LINK: http://www.whitehouse.gov/blog/2011/...uation-october)
September 2011: "Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report." (LINK: http://www.whitehouse.gov/blog/2011/...tion-september)
August 2011: "Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report." (LINK: http://www.whitehouse.gov/blog/2011/...tuation-august)
July 2011: "Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report." (LINK: http://www.whitehouse.gov/blog/2011/...situation-july)
June 2011: "Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report." (LINK: http://www.whitehouse.gov/blog/2011/...situation-june)
May 2011: "Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report." (LINK: http://www.whitehouse.gov/blog/2011/...-situation-may)
April 2011: "Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report." (LINK: http://www.whitehouse.gov/blog/2011/...ituation-april)
March 2011: "Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report." (LINK: http://www.whitehouse.gov/blog/2011/...ituation-march)
February 2011: "Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report." (LINK: http://www.whitehouse.gov/blog/2011/...ation-february)
January 2011: "Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report." (LINK: http://www.whitehouse.gov/blog/2011/...uation-january)
December 2010: "Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report." (LINK: http://www.whitehouse.gov/blog/2011/...ation-december)
November 2010: "Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report." (LINK: http://www.whitehouse.gov/blog/2010/...ation-november)
October 2010: "Given the volatility in monthly employment and unemployment data, it is important not to read too much into any one monthly report." (LINK: http://www.whitehouse.gov/blog/2010/...uation-october)
September 2010: "Given the volatility in the monthly employment and unemployment data, it is important not to read too much into any one monthly report." (LINK: http://www.whitehouse.gov/blog/2010/...tion-september)
July 2010: "Therefore, it is important not to read too much into any one monthly report, positive or negative. It is essential that we continue our efforts to move in the right direction and replace job losses with robust job gains." (LINK: http://www.whitehouse.gov/blog/2010/...situation-july)
August 2010: "Therefore, it is important not to read too much into any one monthly report, positive or negative." (LINK: http://www.whitehouse.gov/blog/2010/...tuation-august)
June 2010: "As always, it is important not to read too much into any one monthly report, positive or negative." (LINK: http://www.whitehouse.gov/blog/2010/...situation-june)
May 2010: "As always, it is important not to read too much into any one monthly report, positive or negative." (LINK: http://www.whitehouse.gov/blog/2010/...-situation-may)
April 2010: "Therefore, it is important not to read too much into any one monthly report, positive or negative." (LINK: http://www.whitehouse.gov/blog/2010/...ituation-april)
March 2010: "Therefore, it is important not to read too much into any one monthly report, positive or negative." (LINK: http://www.whitehouse.gov/blog/2010/...ituation-march)
January 2010: "Therefore, it is important not to read too much into any one monthly report, positive or negative." (LINK: http://www.whitehouse.gov/blog/2010/...uation-january)
November 2009: "Therefore, it is important not to read too much into any one monthly report, positive or negative." (LINK: http://www.whitehouse.gov/blog/2009/...ation-november)

[IconOfEvi]

Sherm...beer me indeed...

[Ought Six]

http://finance.yahoo.com/news/roubin...104907590.html

In May, Roubini predicted four elements - stalling growth in the U.S., debt troubles in Europe, a slowdown in emerging markets, particularly China, and military conflict in Iran - would come together in to create a storm for the global economy in 2013.

"(The) 2013 perfect storm scenario I wrote on months ago is unfolding," Roubini said on Twitter on Monday.

[Mr Gently Benevolent]

Nouriel Roubini and Marc Faber have between them predicted 13 of the last 3 recessions but are worth listening to just to temper any irrational exuberance one may have. Roubini is a peddler of "crash lit" but I reckon if he was not so numerically wise and acutely philosophical he would in another life be selling rape alarms and prayer blankets that turn into emergency shelters.

[shermbodius]

Nouriel Roubini and Marc Faber have between them predicted 13 of the last 3 recessions but are worth listening to just to temper any irrational exuberance one may have. Roubini is a peddler of "crash lit" but I reckon if he was not so numerically wise and acutely philosophical he would in another life be selling rape alarms and prayer blankets that turn into emergency shelters.

LOL! True on a lot of points.

[Ought Six]

Nouriel Roubini and Marc Faber have between them predicted 13 of the last 3 recessions but are worth listening to just to temper any irrational exuberance one may have. Roubini is a peddler of "crash lit" but I reckon if he was not so numerically wise and acutely philosophical he would in another life be selling rape alarms and prayer blankets that turn into emergency shelters.

If only doomers like Roubini were singing this song, you would have a point. We both well know that is not the case.

[tommyd]

http://theacru.org/acru/the_worst_ec..._depression_1/

Here is another good article about the "recovery".

[Mr Gently Benevolent]

If only doomers like Roubini were singing this song, you would have a point. We both well know that is not the case.

I believe you mistake the caution of others for the absolute pessimism that Roubini touts.

[shermbodius]

I think it is clear to anyone paying attention that our dept and GDP are showing were in deep trouble. No signs anywhere of things getting better. Only gonna spiral down.

[Ought Six]

I believe you mistake the caution of others for the absolute pessimism that Roubini touts.

The number of respected economist predicting the inevitability of a 'double-dip recession' is growing by the day.

[Ought Six]

http://gregmankiw.blogspot.com/2012/...-recovery.html

[Mr Gently Benevolent]

http://gregmankiw.blogspot.com/2012/...-recovery.html

I like Mankiw but I have a deep suspicious streak that tells me his tone will change to sunshine and buttterfies if his principal is elected. Remember Ought Six, Mr Mankiw says outsourcing American jobs is good for the economy and as a key advisor to Romney (carpet bagger chief in waiting) you just know there is going to be a loosening of tax rules concerning overseas corporate earnings and an increase in capital flight.

[American Caesar]

I think it is clear to anyone paying attention that our dept and GDP are showing were in deep trouble. No signs anywhere of things getting better. Only gonna spiral down.

Agreed, even if Romney is elected he won't do what needs to be done to seriously cut the deficit.